It will cost an estimated ISK 14.2 billion [$99.8 million; €92.1 million] to build Iceland’s new national stadium, RÚV reports.
The overall cost of the project is to be split between the state and the City of Reykjavík, but it has yet to be determined how the expense will be divided.
See Also: Location Chosen for New National Stadium
The new stadium, intended to be ready for use by 2025, will be 19,000 sq m and accommodate 8,600 people for sporting events and 12,000 people for concerts. It will have facilities for handball and volleyball matches, basketball and football games, and more.